Treasury Bond Auction (24 February 2021) 15-Year Fixed Rate

19th February, 2021

Bonds, Government Securities

ISIN: TZ1996103879

1.       Issuer

United republic of Tanzania

2.       Amount

Competitive          Non – Competitive

TZS 122.0 Billion     TZS 0.34 Billion

3.       Auction Date

24 February 2021

4.       Procedure for Bidding

Bids will be submitted online through Central Depository Participants and the process will be closed at 11:00 A.M on the auction date.

5.       Price per TZS 100

To be quoted at a discount to four (4) decimal places.

6.       Minimum bid size

TZS 1,000,000 in multiples of TZS 100,000

7.       Auction Results

Auction results shall be made available on the Bank’s Website and at the Depository Participant’s offices immediately after the auction.

8.       Settlement Date

25 February 2021 (T+1)

9.       Coupon

Fixed at 13.5% p.a.

10.   Redemption Date

25 February, 2036

11.   Tax

Interest income is exempted from withholding Tax.

12.   Currency

13.  Day count convention

14.  Trading

 

 15. Interest Payment Date

Tanzania Shillings (TZS)

Actual/365

Secondary trading in multiples of TZS 100,000 to commence on Friday 26 February 2021

 

First Interest Date: 26 August

Second Interest Date: 25 February

Treasury Bonds Issuance Calendar For The Financial Year 2020/21